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Last $19.63 USD
Change Today -0.11 / -0.56%
Volume 2.9M
SWFT On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

swift transportation co (SWFT) Snapshot

Open
$19.68
Previous Close
$19.74
Day High
$19.97
Day Low
$19.48
52 Week High
12/5/14 - $29.44
52 Week Low
08/26/15 - $18.49
Market Cap
2.8B
Average Volume 10 Days
3.8M
EPS TTM
$1.50
Shares Outstanding
91.8M
EX-Date
--
P/E TM
13.1x
Dividend
--
Dividend Yield
--
Current Stock Chart for SWIFT TRANSPORTATION CO (SWFT)

swift transportation co (SWFT) Related Businessweek News

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swift transportation co (SWFT) Details

Swift Transportation Company operates as a multi-faceted transportation services company in North America. The company operates through four segments: Truckload, Dedicated, Central Refrigerated, and Intermodal. The Truckload segment provides services through one-way movements over irregular routes utilizing company’s and owner-operator tractors with dry van, flatbed, and specialized trailing equipment. The Dedicated segment offers tailored solutions under long-term contracts utilizing refrigerated, dry van, flatbed, and other specialized trailing equipment. The Central Refrigerated segment primarily offers shipments for customers who require temperature-controlled trailers. This segment’s shipments include one-way movements over irregular routes, as well as dedicated truck operations. The Intermodal segment moves freight over the rail in containers and other trailing equipment; and provides drayage services to transport loads between the railheads and customer locations. The company also offers freight brokerage and logistics management services, as well as support services to its customers and owner-operators, including repair and maintenance shop services, and equipment leasing. As of December 31, 2014, it operated a fleet of 18,836 tractors comprising 13,882 company tractors and 4,954 owner-operator tractors; 61,652 trailers; and 9,150 intermodal containers from 40 terminals near key freight centers and traffic lanes. Swift Transportation Company serves various customers primarily in the retail, food and beverage, consumer products, paper products, transportation and logistics, housing and building, automotive, and manufacturing industries. The company was formerly known as Swift Holdings Corp. Swift Transportation Company was founded in 1966 and is headquartered in Phoenix, Arizona.

21,100 Employees
Last Reported Date: 02/20/15
Founded in 1966

swift transportation co (SWFT) Top Compensated Officers

Founder, Chief Executive Officer and Director
Total Annual Compensation: $614.5K
President and Chief Operating Officer
Total Annual Compensation: $537.9K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $349.6K
Executive Vice President of Fleet Operations
Total Annual Compensation: $262.8K
Compensation as of Fiscal Year 2014.

swift transportation co (SWFT) Key Developments

Swift Transportation Company Enters into Fourth Amended and Restated Credit Agreement

On July 27, 2015, Swift Transportation Company entered into a Fourth Amended and Restated Credit Agreement replacing existing Third Amended and Restated Credit Agreement dated June 9, 2014. The 2015 Agreement includes a $600.0 million revolving credit facility and a $680.0 million first lien term loan A, each maturing July 2020. The 2015 Agreement replaced the undrawn $450.0 million revolving line of credit maturing June 2019, the $500.0 million first lien term loan A ($485.0 million face value outstanding as of closing) maturing June 2019, and the $400.0 million first lien term loan B ($395.0 million face value outstanding as of closing) maturing June 2021 under the 2014 Agreement. Upon closing, proceeds from the Term Loan A, $200.0 million drawn from the Revolver, and $3.0 million cash on hand were used to pay off the then-outstanding balances of the first lien term loan A and B tranches under the 2014 Agreement and certain transactional fees associated with the 2015 Agreement. This resulted in outstanding balances on the Term Loan A and the Revolver of $680.0 million and $200.0 million, respectively, upon closing the 2015 Agreement. Under the 2015 Agreement, the interest rate applicable to the Revolver and Term Loan A is subject to a leverage-based grid and equaled the LIBOR rate plus 1.75% at closing, which is the same as the rate applicable to the revolving credit facility and first lien term loan A tranche under the 2014 Agreement at closing. The previous term loan B tranche under the 2014 Agreement accrued interest at the LIBOR rate plus 3.00%, reducing to 2.75% once leverage is below 2.00, with a 0.75% LIBOR floor. The financial covenants are unchanged from the 2014 Agreement. Principal payments for the Term Loan A are due quarterly in the amount of $3.625 million on September 30, 2015, $6.625 million starting December 31, 2015 through December 31, 2016, and then increasing to $12.25 million per quarter for 2017 thereafter through maturity, when the balance is due.

Swift Transportation Company Reports Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for Fiscal 2015

Swift Transportation Company reported consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company net income rose to $51 million, or $0.35 per diluted share from $40.2 million, or $0.28 per diluted share, a year earlier. Adjusted EPS was $0.37. For the quarter, revenue decreased to $1.06 billion from $1.08 billion year-over-year. Operating earnings increased 5% versus 2014 and are roughly flat with results achieved two years ago. EBITDA was $158.1 million against $146.7 million a year ago. Adjusted EBITDA was $159.5 million against $155.0 million a year ago. Income before income taxes was $82.831 million against $65.363 million a year ago. Operating income was $98.476 million against $94.022 million a year ago. For the six months, the company reported operating revenue was $2,074.5 million against $2,084.3 million a year ago. EBITDA was $293.3 million against $251.2 million a year ago. EBITDA was $297.7 million against $263.5 million a year ago. Diluted EPS was $0.62 against $0.37 a year ago. Adjusted EPS was $0.65 against $0.44 a year ago. Net cash provided by operating activities was $248.203 million against $183.483 million a year ago. Capital expenditures were $166.697 million against $135.068 million a year ago. Income before income taxes was $144.362 million against $85.372 million a year ago. Net income was $88.974 million against $52.503 million a year ago. Operating income was $173.476 million against $140.192 million a year ago. The company provided adjusted EPS guidance for fiscal 2015. The company expects adjusted EPS to be in the range of $1.64 to $1.74 including the $0.03 aftertax charge related to the nonoperational contractual dispute in the second quarter. Net CapEx guidance was raised from $305 million to $330 million for full year 2015 to now $350 million to $375 million.

Swift Transportation Company to Report Q2, 2015 Results on Jul 27, 2015

Swift Transportation Company announced that they will report Q2, 2015 results at 5:00 PM, Eastern Standard Time on Jul 27, 2015

 

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